[128 Pages Report] The NFCs market was worth USD 3.36 Billion, in 2015, and is projected to reach USD 6.50 Billion in 2021 expected to register a CAGR of 11.68%, between 2016 and 2021. Natural fibers have become crucial in technical composite applications due to the demand for recyclable and biodegradable raw materials. In this study, 2014 has been considered as the historical year and 2015 as the base year for estimating market size of NFCs. NFCs market, according to this report, is segmented into type, manufacturing process, application, and region.

Various secondary sources such as company websites, encyclopedias, directories, and databases have been used to understand and gain insights for NFCs market. Experts from top NFCs companies have been interviewed to verify and collect critical information and to assess the trend the NFCs market during the forecast period. The top-down, bottom up and data triangulation approach has been implemented to calculate the exact values of the overall parent and individual market sizes.

The market of NFCs has a diversified ecosystem of its upstream players such as the raw material suppliers, and the downstream stakeholders such as manufacturers, vendors, end-users, and government organizations. Some of the major raw material suppliers as well as manufacturers are Stemergy (Canada), UPM Biocomposites (Finland), Greencore Composites (Canada), and Flex Form Technologies (U.S.). This study caters focuses on the top investment pockets, which would help the stakeholders to understand and analyze the emerging trends of the NFCs market. These stakeholders include the natural fiber manufacturers such as:

Trex Company Inc.

Advanced Engineering recycling technologies (AERT)

Fiberon LLC (U.S.)

UPM Biocomposites

Scope of the Report:

This research report categorizes the market of NFCs based on type, manufacturing process, application, and region. It forecasts revenue growth and analysis of trends in each of the submarkets till 2021.

On the Basis of Type, NFCs market is segmented into:

Wood

Non-wood

On the Basis of Manufacturing Processes, NFCs market is classified as:

Compression molding

Injection molding

Other processes

On the Basis of Application, NFCs market is segmented into:

Building & construction

Automotive

Electronics & electricals

Others

On the basis of Region, NFCs market is segmented as:

North America

Europe

Asia-Pacific

South America

Middle East & Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific needs of the companies. The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

Further breakdown of the North American NFCs market

Further breakdown of the European NFCs market

Further breakdown of the Asia-Pacific NFCs market

Further breakdown of the South America NFCs market

Further breakdown of the Middle East & Africa NFCs market

Company Information

Detailed analysis and profiling of additional market players

The market size of Natural Fiber Composites (NFCs) is projected to reach USD 6.50 Billion by 2021, at a CAGR of 11.68%, between 2016 and 2021. The increasing demand for NFCs by the end user players, growing manufacturing industries, continuous product innovation, agreements, and expansion activities undertaken by companies are key factors responsible for the growth of the NFCs market.

The automotive application is projected to be the fastest-growing segment in the NFCs market between 2016 and 2021. This can be attributed to the growing need for f lighter, safer, and fuel efficient vehicles. Many car companies, such as BMW (Germany), Audi (Germany), and GM (U.S.) are using non-wood fiber composites for designing interior and exterior parts of automotives. Further, the standards set by Corporate Average Fuel Economy (CAFE) on reduction vehicle weight to increase fuel efficiency would boost the NFCs market in automotive applications.

The wood-based NFCs are expected to be the fastest-growing raw material type in the NFCs market due to their high demand in the building and construction industry, globally. NFCs offer high weight-to-stiffness ratio and low cost compared to synthetic fiber composites. NFCs are extensively used for decking, railing, fencing, and internal furniture among other building and construction applications.

The North American region accounts for a major share of wood NFCs due to high demand for wood plastic composites in the construction industry. However, Asia-Pacific is expected to register the highest CAGR in the NFCs market between 2016 and 2021. This growth is driven by the rising demand for superior performance products in the construction industry, ease of availability of raw materials, and increasing capacity expansion by NFCs manufacturers & other development strategies in the region.

The NFCs market size is rapidly growing, in terms of value. . However, a few factors act as a tailback in its growth in the NFCs market. Relatively poor strength, fluctuation in the cost of natural fiber, and a lack of awareness among end users in developing regions are major restraints in the growth of the NFCs market.

The companies such as Trex Company Inc., Advanced Engineering Recycling Technologies (AERT), Fiberon LLC (U.S.), UPM Biocomposites (Finland), FlexForm Technologies (U.S.) are the dominant market players in NFCs market. They have been adopting various organic and inorganic growth strategies such as agreements, expansions, acquisitions, and new product launches & technology developments to enhance their share in the NFCs market.

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